Business Environment
Section 1A1) The major achievements of China’s Huawei Technologies in the areas of its specialization are that they won the contract to build Norway a fourth generation (4G) mobile network, the deal was the largest so far for the new LTE technology in Europe making it a milestone for Huawei. The report by research firm Ovum found Huawei was the undisputed leader in the telecom optical equipment market. Huawei and fellow Chinese firm ZTE, it said, are the only two vendors to increase optical infrastructure revenues during the third quarter. Huawei and ZTE are seen to be bucking the trend because they are benefiting the most from the frantic roll out of new transport networks in their domestic market. A2) Asian players are beginning to dominate networking space, just as they are doing in the PC business. In the global PC market too, Asia dominates with Taiwan’s Acer, China’s Lenovo and Japan’s Toshiba in the second, fourth and fifth positions. A3) The steps I feel that India needs to adopt to stay ahead of China are to improve their market, improve their infrastructure and their selling ways. It is very important that they improve their strategy also.

Section 2
Perfect CompetitionA1) Perfect competition is a theoretical market structure. It is primarily used as a benchmark against which other market structures are compared. The industry that best reflects perfect competition in real life is the agricultural industry. Monopolistic Competition

Monopolistic competition differs from perfect competition in that production does not take place at the lowest possible cost. Because of this, firms are left with excess production capacity. This market concept was developed by Chamberlin (USA) and Robinson (Great Britain). Oligopoly

The retail gas market is a good example of an oligopoly because a small number of firms control a large majority of the market. Monopoly
A situation in which a single company or group owns all or nearly all of the...

...INTRODUCTION TO THE BUSINESSENVIRONMENT
Lesson Objectives:
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
The factors that impact on business
The internal and external businessenvironment
LESSON 1: The Factors That Impact on Business
According to Brooks and Weatherston (2000) businessenvironment is a general concept
which embraces the totality of external environmental forces which may influence any aspect...

...government might affect the way business is conducted. A number of political factors such as government policies, internal political issues, consumer laws, lobbying and pressure group affect the business strategies of the hotel industry. Take for instance import and export tariffs which can make it difficult or uneconomical to do business with certain countries. There may be restrictions on land acquisitions where by the government needs to know the...

...BusinessEnvironment
Introduction
All businesses operate in a always changing, growing and in some ways unique environment. In order for a business to operate successfully in its environment, business need to adapt after the environment. It can mean that business have to respond to changing market conditions which affect the demend for...

...fundamental goal of business? Do all organizations share this goal?The fundamental goal of business is to earn a profit. Not all organizations share this goal because they are nonprofit organizations.
2. Name the forms a product may take and give some examples of each.
The forms a product may take are tangible and intangible. Tangible goods are computers, clothing, automobiles, and food. Intangible goods are services or ideas made by people.
3. Who are the main...

...explain the term ‘the businessenvironment’ and for each organisation identify the three external factors that which have an impact on the organisation and its stakeholders.
A businessenvironment is the social, technological, economic and political environment in a business functions. They all affect organisations in different ways.
The pestle analysis is a useful tool for understanding market growth or...

... Unit Name: | BUSINESSENVIRONMENT |
Unit Number: | 1 |
Assignment Submission Date: | 29 April 2012 |
Assessor: | VIVIEN ULU |
Mode of submission: | LIVECAMPUS |
Learning Outcomes
To achieve a pass learners must demonstrate the ability to deal with each of the following outcomes and present these in report form – scripts will be checked against each of these:
1. Understand the organisational purposes of businesses
2. Understand the nature of the...